SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person*
VAN DEN BERG MANAGEMENT I, INC

(Last) (First) (Middle)
805 LAS CIMAS PARKWAY
SUITE 430

(Street)
AUSTIN TX 78746

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
08/13/2014
3. Issuer Name and Ticker or Trading Symbol
PRESIDENT CASINOS INC [ LAYN ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
08/13/2014
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 13,336 D(1)(2)(3)(4)(5)
Common Stock 68,855 D(1)(2)(3)(6)
Common Stock 4,735 D(1)(2)(3)(7)
Common Stock 4,295 D(1)(2)(3)(8)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
1. This Form 3 amends and restates in its entirety the Form 3 previously filed on August 22, 2014. This Form 3 relates to Van Den Berg Management I, Inc. ("Van Den Berg") for itself and in its capacity as the investment manager of certain separately managed account clients which own shares of common stock of the Issuer and certain affiliated persons of Van Den Berg identified below ("Affiliated Persons").
2. Van Den Berg may be deemed to beneficially own all shares owned by separately managed account clients solely as a result of its discretionary power over such shares as investment advisor to such accounts. In the aggregate, such shares (along with shares that are owned directly by Van Den Berg and personally by the Affiliated Persons) exceed ten percent of the Issuer's outstanding common stock, and thus may subject Van Den Berg to the reporting requirements of Section 16 under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Van Den Berg disclaims any pecuniary interest in shares owned by such separately managed account clients or the Affiliated Persons. Van Den Berg and the Affiliated Persons disclaim the existence of and membership in any "group" with such separately managed account clients.
3. Pursuant to Rule 16(a)-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the Reporting Person is, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of the equity securities covered by the statement.
4. These shares are owned directly by Van Den Berg.
5. Arnold Van Den Berg, Scott S. Van Den Berg and James D. Brilliant, as officers and directors (and affiliates) of Van Den Berg, each may be deemed to indirectly beneficially own the securities reported to be beneficially owned by Van Den Berg. Each of Arnold Van Den Berg, Scott S. Van Den Berg and James D. Brilliant disclaims beneficial ownership of such reported securities, except to the extent of his pecuniary interest therein as a result of his ownership interest in Van Den Berg.
6. These shares are owned directly and personally by Arnold Van Den Berg. Arnold Van Den Berg is Chairman and Co-Chief Investment Officer (and an affiliate) of Van Den Berg.
7. These shares are owned directly and personally by James D. Brilliant. James D. Brilliant is Co-Chief Investment Officer and Chief Financial Officer (and an affiliate) of Van Den Berg.
8. These shares are owned directly and personally by Scott S. Van Den Berg. Scott S. Van Den Berg is President and Chief Operating Officer (and an affiliate) of Van Den Berg.
/s/ Van Den Berg Management 07/30/2015
/s/ Arnold Van Den Berg 07/30/2015
/s/ James D. Brilliant 07/30/2015
/s/ Scott Van Den Berg 07/30/2015
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.